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Jack Dorsey, CEO and co-founder of Block, announced in a letter to shareholders that the Oakland-based financial company was ...

When it comes to making investment decisions, he now acknowledges that, as indexation became a competitive threat to active investment management, AI may well push out "average" investors, partly ...

The fintech company behind Square and Cash App is slashing more than 4,000 jobs as AI has made that many people redundant.

The financial technology company, Block announced it is reducing 40% of its workforce and will let AI handle the work.

The 4,000 employees who lost their jobs will receive 20 weeks of pay plus one additional week for each year of service, equity vested through the end of May, six months of health coverage, their ...